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Crypto Regulation in Portugal

Crypto Friendly

Portugal was long considered a crypto tax haven with 0% tax on individual crypto gains. The 2023 State Budget introduced a 28% tax on short-term gains, but holdings over 365 days remain tax-free, preserving its crypto-friendly reputation.

Region: EuropeCurrency: EURAdoption Rank: #16Risk Score: 18/100

Tax Information

Capital Gains (Personal)
28% on crypto gains if held less than 365 days; 0% if held over 365 days
Capital Gains (Corporate)
21% corporate tax on crypto gains
VAT on Crypto
No
Staking Tax
Taxed at 28% if realized within 365 days
Airdrop Tax
No specific guidance; likely taxed on disposal
Mining Tax
Taxed as freelance or business income at applicable rates
Summary
Portugal introduced a 28% tax on crypto gains for holdings under 365 days in the 2023 State Budget. However, crypto held for over 365 days remains completely tax-free, making Portugal still very attractive for long-term holders. The Non-Habitual Resident (NHR) regime was reformed in 2024 but existing beneficiaries retain advantages.

Licensing & Registration

License Required
Yes
Regulator
CMVM / Banco de Portugal (Comissão do Mercado de Valores Mobiliários / Banco de Portugal)
Framework
Markets in Crypto-Assets Regulation (MiCA); Portuguese AML Law
License Types
Crypto-Asset Service Provider (CASP) Authorization under MiCA, VASP Registration with Banco de Portugal
Estimated Cost (USD)
$20,000 - $150,000
Timeline
4-10 months
Ease of Licensing
Medium
Notes
CMVM oversees crypto-asset market conduct under MiCA while Banco de Portugal handles VASP registration for AML purposes. Portugal has attracted many crypto entrepreneurs and digital nomads through its favorable tax regime and Digital Nomad Visa.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
Yes
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.15
Renewable Energy
55%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
21% corporate tax

DeFi, Stablecoins & NFTs

DeFi: regulatedStablecoins: specific frameworkNFTs: unclearCBDC: exploring

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Easy | Crypto-friendly banks: Banco BPI, Millennium BCP
Min. Deposit
$5,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | Limited Liability Company (LLC)
Licensing Support
Available | $15,000 - $50,000

Sources

CMVM Banco de Portugal EU MiCA Regulation
Reviewed: 2026-03-15verified

Frequently Asked Questions

Is crypto legal in Portugal?
Cryptocurrency is currently classified as "Crypto Friendly" in Portugal. Portugal was long considered a crypto tax haven with 0% tax on individual crypto gains. The 2023 State Budget introduced a 28% tax on short-term gains, but holdings over 365 days remain tax-free, preserving its crypto-friendly reputation.
What is the crypto tax rate in Portugal?
In Portugal, the personal capital gains tax on crypto is 28% on crypto gains if held less than 365 days; 0% if held over 365 days, and the corporate tax rate is 21% corporate tax on crypto gains. Portugal introduced a 28% tax on crypto gains for holdings under 365 days in the 2023 State Budget. However, crypto held for over 365 days remains completely tax-free, making Portugal still very attractive for long-term holders. The Non-Habitual Resident (NHR) regime was reformed in 2024 but existing beneficiaries retain advantages.
Do I need a crypto license in Portugal?
Yes, a crypto license is required in Portugal. The regulator is Comissão do Mercado de Valores Mobiliários / Banco de Portugal under Markets in Crypto-Assets Regulation (MiCA); Portuguese AML Law. Estimated licensing cost: $20,000 - $150,000.
Is crypto mining legal in Portugal?
Yes, crypto mining is legal in Portugal. Electricity costs approximately $0.15/kWh. Mining income is taxed at: 21% corporate tax.
What are the AML/KYC requirements for crypto in Portugal?
Yes, crypto businesses in Portugal must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.